A television broadcast is an example of a good that is
a. private.
b. not rival in consumption.
c. social.
d. normal.
b
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Advances in financial technology
A) must increase the demand for money. B) might increase or decrease the demand for money. C) must decrease the demand for money. D) affect only the supply of money. E) have no effect on the demand for money or on the supply of money.
Because the banking system operates using fractional reserves,
a. the money multiplier is greater than one. b. excess reserves are equal to zero. c. required reserves are equal to 100 percent. d. banks can loan out only their required reserves. e. the money multiplier must be equal to zero.
The higher the nominal interest rate:
A. the less money individuals will hold for any given level of transactions and the higher the velocity of money. B. the less money individuals will hold for any given level of transactions and the lower the velocity of money. C. the more money individuals will hold for any given level of transactions and the lower the velocity of money. D. the more money individuals will hold for any given level of transactions and the higher the velocity of money.
The national debt passed the $2 trillion mark in
A. 1980. B. 1982. C. 1984. D. 1986.